Osper children's debit card

Osper is a prepaid debit card for 8 - 18 year olds with a banking app for the family. It gives young people the freedom to manage a budget and learn the value of money, with extra tools to keep them safe.

You can try it free for 12 months and get a £5 top-up per card with this link:

Still think its ridiculous to charge fees on a service aimed at kids. £10 a year after the first year, £5 to close account after the first year? I hope the mainstream banks start offering a similar service but without these fees.

26th Apr 2015

Still think its ridiculous to charge fees on a service aimed at kids. £10 a year after the first year, £5 to close account after the first year? I hope the mainstream banks start offering a similar service but without these fees.

26th Apr 2015

I've been looking for something like this for ages so signed up with your second link

26th Apr 2015

These people are just ripping kids off.

26th Apr 2015

Charging kids? No thanks.

26th Apr 2015

Given they will be earning interest off your kids money there should be no charge.

Read the small print and your child can only check there balance for free at a specific arm 3 times in a month then they get charged.

Boooo

26th Apr 2015

Has nobody noticed that this is a referral link?

26th Apr 2015

I am genuinely shocked that any company would charge in the first place for a child's bank account- even if this is free at the moment, I can see it says usually £10 a year but order for free.

As someone who works in a bank we are always happy to see children saving and teaching them about how it all works - it's an important life lesson. You can get a bank card to use from age 11 from most high street banks and savings cards from around age 7. I don't know about all banks but you can have online banking from aged 11 with the bank I work for.

I guess it depends what you are looking for really the Osper card is a free trial after that you will be paying £10 a year - or you could get something similar free from you own high street bank. Sorry OP nice idea just think it's a shame they charge the kids for it.

26th Apr 2015

£5 to close the account...? WTF...?

26th Apr 2015

Hava a giggle at their 'Fair' Use policy...

Osper operates a Fair Use policy. This is to ensure the overall cost of … Osper operates a Fair Use policy. This is to ensure the overall cost of Osper remains affordablefor all our subscribers. Once people have exceeded the fair use policy, we reserve the right tocharge.Fair Use calculated on a monthly basis is defined as follows:● Withdrawals: Up to 6 ATM withdrawals per month per Osper Card (£0.25 fee for eachadditional withdrawal)● Balance Checks at ATM Machines: Up to 3 balance checks per ATM machine permonth per Osper Card (£0.25 fee for each additional ATM balance check)○ Remember you have unlimited balance checks per month via your Osper App● Loading Money: Up to 6 loads from parents / guardians per month per Osper Card(£0.25 fee for each additional load)

26th Apr 2015

miikeyblue

Hava a giggle at their 'Fair' Use policy...

It's not right is it - especially when you consider it is for a child - the only thing you could say it is teaching a child is that these type of things are best avoided - the Devils in the detail and always but always read the smallprint!!!

26th Apr 2015

Good idea OP but noting the annual charge costlier than a debit card.

Whats stops you opening a basic account with some agreed overdraft and using its debit card?

Or else apply for a new Osper card every year giving £5 back (in your name then the next year in your partner's name).

26th Apr 2015

AstalaVista

Good idea OP but noting the annual charge costlier than a debit … Good idea OP but noting the annual charge costlier than a debit card.Whats stops you opening a basic account with some agreed overdraft and using its debit card?Or else apply for a new Osper card every year giving £5 back (in your name then the next year in your partner's name).

If you were to open an Osper card this year and get a free £5 top up you would then be expected to pay £10 per year after or you can close the account for which they charge you £5 so the £5 isn't really free as you would need it of you ever closed the account.

26th Apr 2015

blabbity

Has nobody noticed that this is a referral link?

referral links are how HUKD makes money

I think the idea behind this card is great the charges are a killer hopefully something free will come along parents can use to teach older children (teenagers) budgeting put say £10 -15 a week on the card take them to the supermarket and get them to buy their meals for the week or teach them the value of money with £25 to spend on clothes

Original Poster

26th Apr 2015

Must admit I didn't read the ts and cs, didn't realise there were charges to close! Crikey!

26th Apr 2015

Fairyfeet1964

If you were to open an Osper card this year and get a free £5 top up you … If you were to open an Osper card this year and get a free £5 top up you would then be expected to pay £10 per year after or you can close the account for which they charge you £5 so the £5 isn't really free as you would need it of you ever closed the account.

Thank for pointing it out. This offer from Osper just went from not so good to worse.

26th Apr 2015

therealclaireh

referral links are how HUKD makes money I think the idea behind this card … referral links are how HUKD makes money I think the idea behind this card is great the charges are a killer hopefully something free will come along parents can use to teach older children (teenagers) budgeting put say £10 -15 a week on the card take them to the supermarket and get them to buy their meals for the week or teach them the value of money with £25 to spend on clothes

As I said in my post above - theere is already Free banking at UK high street banks for children - I work for one of them. Children can get a bank card from aged 11 with a PIN number the card can be used in shops to pay for goods - my chiildren all had them as soon as they were old enough and had their pocket money paid directly to it - (earned by doing odd jobs around the house) it taught them how to budget for things they really wanted, they also had savings account which they would transfer money to as well.‌ I can't speak for all the high street banks but if you check out your own one you may find they already do this - if not then another high street bank will. I agree wholeheartedly that it's good to teach them, I am proud that all three of mine now aged 17, 19 and 21 were very responsible with theirs and are very good at saving etc when they want something.

26th Apr 2015

xdaminis

These people are just ripping kids off.

Maybe, it is just another national service as they employ people to do things that parents used to do for their kids for "free" as a parent. Much like a generation ago, at the weekends, car owners used to get a bucket and sponge and wash own cars. So there was no business activities for car wash then. Now there is much more business activities as the car wash is replaced by salaried car washers, the car drivers do muscle exercise at gym & health clubs by paying a service fee. So a parent used to manage pocket pocket at no cost, now someone else manage this with an APP so there is additional business activity to fund for salaried workers, so may not be wholly a rip off.

26th Apr 2015

Fairyfeet1964

As I said in my post above - theere is already Free banking at UK high … As I said in my post above - theere is already Free banking at UK high street banks for children - I work for one of them. Children can get a bank card from aged 11 with a PIN number the card can be used in shops to pay for goods - my chiildren all had them as soon as they were old enough and had their pocket money paid directly to it - (earned by doing odd jobs around the house) it taught them how to budget for things they really wanted, they also had savings account which they would transfer money to as well.:)I can't speak for all the high street banks but if you check out your own one you may find they already do this - if not then another high street bank will. I agree wholeheartedly that it's good to teach them, I am proud that all three of mine now aged 17, 19 and 21 were very responsible with theirs and are very good at saving etc when they want something.

thanks didn't know that, can they get money out at ATM's too?

26th Apr 2015

fizz

thanks didn't know that, can they get money out at ATM's too?

Absolutely - the cards work in ATM in the same way as an adult bank card - most cards can be used in any bank machine where you see the "Link" which is most high street banks - you can check out on the link below which is the nearest bank and what facilities the ATM has - this can be really handy if you want to know which ones give £5 notes - especially useful for kids accounts